2020: Week 26

As of this writing, the baby my wife and I are expecting to pop its head out any minute now still has not arrived. The arrival of this little person has been the primary preoccupation of my thoughts this past week. However, I did make some trades, so I will write about those while I still have time to do so.

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2020: Weeks 21, 22, 23, & 24

It’s been a month since my last journal update, and what a month! It feels more like a year in a lot of ways. So many events have been packed into these past weeks and months, and the year is only half over. We still have a presidential election to get through! Also, since my previous update, George Floyd was murdered not too far from my house, and my city, state, country, and the whole world erupted in righteous protests over his and so many other unjust deaths at the hands of our police. This blog isn’t really about politics, but some things cannot be ignored or left unsaid. Our country is need of major systemic restructuring.

Also in this past month, I worked three different jobs in the same week (Week 21), my dog tore her ACL in Week 22, and then I had my most successful weeks of trading to date in Weeks 23 and 24. (Incidentally, the end of Week 23 into Week 24 marked my 3rd Anniversary of trading.) Most pressing on my thoughts though is the fact that my wife is going to give birth literally any day now.

Now, to paraphrase Kai Ryssdal, lets do the numbers.

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Swing Trading with $300 – Week Three

This week I ran right into my old nemesis. My unwillingness to cut losses when a swing trade goes against me. Hope, fear, and pride all play a part. I am hopeful the share price will recover and move in my direction. I fear losing money or being wrong. I am proud of a win streak and don’t want to break it.

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2020: Week 20

My work life has been as volatile as the markets lately. Turns out, I’m not cut out to work for huge retail corporations. After only a few days on the job of driving a forklift and unloading trucks, I knew I wouldn’t last in this job long term. It’s sort of soul crushing when everything you accomplish in one day essentially has to be redone the next with no hope of ever finishing the job. Trucks arrive, I unload them, other employees move the product around to various parts of the store, consumers consume, and in the morning I start unloading more trucks. I know that most jobs can be reduced to repetition, but in this case the endlessness with no sense of accomplishment got to me.

Thankfully, I had another job opportunity fall into my lap. I interviewed on Tuesday, and after next week, I’ll be starting a new job as service technician for a home maintenance company. This company is owned by a friend of a friend, is still small, and I will get to go to a new place multiple times a day. The other issue with working for the giant home improvement store was that I never had time to continue working at my main job as a leather craftsman. This new job seems to solve most of these issues. Anyway, on to the trading!

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Swing Trading with $300

I have not given up on my Dividend Builder strategy. The quarterly churn of dividends mixed with a dash of position trades is still my low risk approach to investing. But what do I do with that itch to trade? Or even, so help me, the itch for a day trade? I’ll tell you what I’ll do. What I did.

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